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Enrich Money Gold Silver Outlook

According to Enrich Money, Financial Services (SEBI RA No: INH000001196)

COMEX Gold: COMEX Gold closed the week sharply higher at 4,680.6 dollars per ounce, gaining 5.48% and decisively breaking out of its multi-month trading range. The metal also moved above its 20-week EMA, confirming strong buying momentum. However, the daily RSI at 73.83 has entered overbought territory, suggesting that some near-term consolidation cannot be ruled out.

On the upside, immediate resistance is placed at 4,700–4,730 dollars, followed by 4,800–4,840 dollars. On the downside, immediate support is at 4,570–4,600 dollars, followed by 4,470–4,500 dollars. A sustained break below 4,600 dollars could weaken the breakout structure. Overall, the broader trend remains bullish as long as the 4,570–4,600 dollar support zone holds.

MCX Gold: MCX Gold ended the week at 1,62,438 rupees per 10 grams, rising 5.13% and extending gains for the third consecutive week. The weekly RSI stands at 65.03, while the daily RSI at 76.10 indicates an overbought market. Therefore, traders should remain cautious about chasing prices after the sharp rally.

On the upside, immediate resistance is placed at 1,62,500–1,63,000 rupees. A sustained close above 1,63,000 rupees could open the way toward 1,65,000 rupees. On the downside, immediate support is at 1,58,500–1,59,000 rupees, followed by 1,55,500–1,56,000 rupees. A break below 1,58,500 rupees could trigger a deeper correction. The overall trend remains firmly bullish.

COMEX Silver: COMEX Silver closed the week at 69.530 dollars per ounce, gaining 6.79% and extending its recovery for a third consecutive week. The metal also reached a fresh multi-month high. The weekly RSI has improved to 52.75, while the daily RSI at 67.43 indicates strong short-term bullish momentum.

Immediate resistance is placed at 70.500–71.200 dollars, followed by 73.000–73.700 dollars. A sustained breakout above 73.700 dollars could create room for further gains. On the downside, immediate support is at 67.000–67.500 dollars, followed by 65.000–65.500 dollars. A break below 67.000 dollars could weaken the current uptrend. Overall, the structure remains bullish, with dips toward 67.000–67.500 dollars likely to attract buying interest.

MCX Silver: MCX Silver finished the week at 2,46,597 rupees per kilogram, gaining 4.52% and moving back above its 20-week EMA after several weeks of consolidation. The weekly RSI has improved to 54.65, while the daily RSI at 65.36 reflects strengthening short-term momentum.

On the upside, immediate resistance is placed at 2,50,000–2,52,000 rupees, followed by 2,60,000–2,62,000 rupees. A sustained close above 2,52,000 rupees could open the path toward higher levels. On the downside, immediate support is at 2,40,000–2,42,000 rupees, followed by 2,30,000–2,32,000 rupees. A break below 2,40,000 rupees could weaken the recovery. Overall, the technical bias has turned bullish following the breakout from the recent consolidation range.

USD/INR: USD/INR extended its gains during the week and settled near 95.68, after recovering from a low of 95.40. The pair continues to trade above its major EMAs, although resistance remains close to the long-term trendline.

Immediate resistance is placed at 95.75–95.80, followed by 95.90–96.00. A sustained move above 96 could strengthen dollar momentum and increase pressure on the rupee. On the downside, immediate support is at 95.60–95.50, while stronger support is near 95.40. The overall bias remains cautiously positive, supported by dollar demand, geopolitical uncertainty and elevated energy prices.

JM Financial Gold Silver Outlook

Gold: According to JM Financial (SEBI RA No: INH000001196), gold futures continued their positive momentum, with buying emerging on corrective dips. Prices also broke out of a triangle pattern and ended the week with gains of more than 5%. The 14-week RSI remains above 50 and its moving average, while the MACD is above the mid-zero line, supporting the positive technical structure.

On the downside, support is placed at 1,57,000–1,53,000 rupees, while resistance stands at 1,62,700 rupees. A sustained move above 1,62,700 rupees could extend the rally toward 1,69,500–1,75,000 rupees. The broader technical outlook remains positive.

Silver: Silver futures maintained their upward momentum, with buying support emerging during corrective dips. The metal gained around 4.3% during the week and closed higher for the third consecutive week. The 14-week RSI is near 50 but remains above its moving average, while the MACD continues to show signs of improvement.

JM Financial maintains a positive/buy view on silver, particularly on dips. Immediate support is placed at 2,35,000–2,27,000 rupees. As long as this support zone holds, silver could maintain its positive bias and move toward 2,54,000–2,80,000 rupees and higher.

US Dollar Index: The US Dollar Index broke down from a two-week consolidation range, slipping below the key 99.20 support level and closing the week around 0.8% lower. The technical setup suggests that the index could remain under selling pressure.

On the downside, support levels are placed at 97.50 and 95.30. On the upside, immediate resistance is seen at 99.61–100. A sustained recovery above resistance would be required to improve the dollar’s technical outlook.

USD/INR: USD/INR spot rates remained firm for most of the week but largely moved within a range before ending higher. JM Financial expects the overall momentum to remain positive.

Immediate support is placed at 94.80–94.15, while resistance is seen at 96.70–97.00. A sustained move above the resistance zone could strengthen the bullish momentum in USD/INR, while a break below support could weaken the current positive structure.

FAQs

1. What is the gold outlook according to Enrich Money?
Enrich Money maintains a bullish outlook for gold as both COMEX and MCX prices have broken above important technical levels. However, overbought RSI readings suggest traders should remain cautious about chasing the rally and watch key support zones during any corrective move.

2. What are the key resistance levels for COMEX Gold?
COMEX Gold has immediate resistance at 4,700–4,730 dollars per ounce, followed by 4,800–4,840 dollars. A sustained breakout above these levels could strengthen the upward momentum. On the downside, 4,570–4,600 dollars remains an important support zone.

3. What is JM Financial’s view on silver?
JM Financial maintains a positive or buy view on silver, particularly on corrective dips. The brokerage expects the positive bias to remain intact as long as the 2,35,000–2,27,000 rupees support zone holds, with potential upside toward 2,54,000–2,80,000 rupees and higher.

4. What are the important support levels for MCX Gold?
MCX Gold has immediate support at 1,58,500–1,59,000 rupees per 10 grams, followed by 1,55,500–1,56,000 rupees. A break below the first support zone could increase the risk of a deeper correction, despite the broader bullish technical structure.

5. How could the US Dollar affect gold and silver prices?
Currency movements remain an important factor for precious metals. The US Dollar Index weakened below the 99.20 support level, while USD/INR retained a positive bias. Changes in the dollar can influence international gold and silver prices, while movements in USD/INR can affect precious-metal prices in the Indian market.

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At the latest reading on April 14, 2026 around 06:00 PM (IST) :

• COMEX Gold climbed to 4,104.80 US dollars per ounce, gaining 99.10 US dollars (+2.47%).
• COMEX Silver advanced to 59.84 US dollars per ounce, rising 1.868 US dollars (+3.22%).

The rally followed the release of June’s Consumer Price Index (CPI), which pointed to easing inflation after months of elevated price pressures.

MCX Prices also Surged:

• MCX Gold climbed to 1,42,639 Rupees per 10 grams, gaining 2,330 Rupees (+1.66%).
• MCX Silver climbed to 2,24,310.00 Rupees per kilogram, rising 6,600.00 Rupees (+3.03%).

US Inflation Cools Significantly in June

According to the US Bureau of Labor Statistics, overall consumer prices increased 3.5% year-over-year in June, easing from 4.2% in May, which had marked the highest inflation reading in three years.

On a monthly basis, the Consumer Price Index (CPI-U) declined 0.4%, following a 0.5% increase in May. This represented the largest one-month decline since April 2020, when prices fell 0.8%.

The moderation in inflation offered relief after several months of elevated prices driven largely by energy costs and geopolitical tensions.

Core Inflation Also Moderates

The closely watched core CPI, which excludes food and energy prices, rose 2.6% from a year earlier, compared with 2.9% in May.

Month-on-month, core inflation remained unchanged.

Several categories including motor vehicle insurance, communication services, apparel, medical care, and used vehicles recorded price declines during June. Meanwhile, recreation, household furnishings and personal care continued to register modest increases.

Energy Prices Drive the Improvement

The largest contributor to the monthly decline came from the energy sector.

The energy index fell 5.7% in June, reversing strong gains recorded during previous months.

Lower fuel prices helped ease overall inflation after the spring surge triggered by the US-Israeli military strikes on Iran and the subsequent near-complete closure of the Strait of Hormuz, which had pushed oil prices sharply higher.

Retail gasoline prices, which had climbed above 4.50 US dollars per gallon nationally during May, have since fallen below 4 US dollars, contributing to softer inflation across several energy-related sectors, including transportation and airfares.

Meanwhile, the food index increased 0.2% during June, while annual food inflation stood at 3.0%.

Despite the monthly decline, the energy index remained 15.7% higher than a year earlier.

Federal Reserve Chair Kevin Warsh Reaffirms Inflation Commitment

During his first monetary policy testimony before Congress since becoming Federal Reserve Chair, Kevin Warsh emphasized that restoring price stability remains the central bank’s highest priority.

Warsh stated that the Federal Reserve’s primary objective is to ensure monetary policy remains appropriately calibrated to bring inflation under control.

He acknowledged that elevated inflation over recent years has imposed significant costs on American households and businesses, with rising energy prices contributing to the latest inflationary pressures.

While noting that monthly inflation readings can fluctuate due to global developments, Warsh stressed that longer-term inflation is ultimately determined by monetary policy.

He reiterated that Federal Reserve policymakers remain fully committed to returning inflation toward the central bank’s 2% target.

US Economy Remains Resilient

Warsh also described the US economy as continuing to expand at a solid pace despite recent global uncertainties.

He highlighted business investment as one of the strongest aspects of current economic activity, pointing particularly to accelerating spending on artificial intelligence infrastructure, including new data centers, AI equipment and software.

According to Warsh, although the long-term economic benefits of AI investment remain uncertain, artificial intelligence is increasingly becoming part of mainstream business investment rather than a separate growth theme.

He has previously argued that stronger productivity driven by AI could eventually help reduce inflationary pressures over time.

Federal Reserve Launches Internal Review

Warsh also outlined a comprehensive review of Federal Reserve operations through five newly established task forces.

The review will examine:

• Federal Reserve communications
• Technology systems
• Balance sheet management
• Economic data used in policymaking
• Inflation measurement and analysis

He described the initiative as the beginning of a “new chapter” for the Federal Reserve while expressing appreciation for the institution’s staff and policymakers.

Market Focus Shifts to Future Fed Decisions

With inflation showing signs of moderation but remaining above the Federal Reserve’s long-term target, investors are expected to closely monitor upcoming economic reports and future comments from Fed officials for additional guidance on the path of interest rates.

The combination of cooling inflation, resilient economic growth and continued investment in AI is expected to remain central themes for financial markets in the coming months.

Frequently Asked Questions (FAQs)

1. Why did COMEX gold and silver prices rise sharply?

Gold and silver rallied after US inflation slowed more than expected in June, boosting investor confidence and shifting attention toward future Federal Reserve policy decisions. Lower inflation reduced immediate concerns over persistent price pressures.

2. What did the latest US CPI report show?

The Consumer Price Index rose 3.5% year-over-year in June, down from 4.2% in May. Monthly CPI declined 0.4%, marking the largest one-month drop since April 2020, while core inflation eased to 2.6%.

3. What role did energy prices play in the inflation decline?

Energy prices fell 5.7% during June as gasoline prices declined following the easing of oil market disruptions linked to Middle East tensions. Lower energy costs were the biggest factor behind the overall decline in inflation.

4. What did Federal Reserve Chair Kevin Warsh say about inflation?

Warsh said the Federal Reserve remains fully committed to restoring price stability and has no tolerance for persistently high inflation. He emphasized that monetary policy will continue to focus on bringing inflation back toward the 2% target.

5. What are investors watching next after the inflation report?

Markets will closely monitor upcoming economic data, future Federal Reserve communications and interest rate expectations to assess whether cooling inflation could influence the central bank’s policy path in the months ahead.

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COMEX पर सोने और चांदी का ताजा भाव

भारतीय समयानुसार दोपहर 3:30 बजे तक अंतरराष्ट्रीय बाजार में कीमतें इस प्रकार रहीं—

• COMEX Gold: 4,054.20 अमेरिकी डॉलर प्रति औंस, 103.20 अमेरिकी डॉलर (2.48%) की गिरावट।
• COMEX Silver: 58.895 अमेरिकी डॉलर प्रति औंस, 2.435 अमेरिकी डॉलर (3.97%) की गिरावट।

मध्य पूर्व में तनाव बढ़ने के बावजूद कीमती धातुओं में बिकवाली का दबाव बना रहा।

ट्रंप ने कहा- ईरान के साथ सीजफायर खत्म

तुर्किये के अंकारा में आयोजित NATO Summit के दौरान संयुक्त प्रेस कॉन्फ्रेंस में अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने कहा कि अमेरिका और ईरान के बीच लागू सीजफायर अब समाप्त हो चुका है।

उन्होंने यह भी कहा कि वह ईरान के साथ आगे बातचीत नहीं करना चाहते और मौजूदा परिस्थितियों में वार्ता को समय की बर्बादी बताया।

ईरान पर अमेरिका के जवाबी हमले

रिपोर्ट के अनुसार, Strait of Hormuz से गुजर रहे तीन वाणिज्यिक जहाजों पर हमलों के बाद अमेरिका ने ईरान के कई ठिकानों पर जवाबी कार्रवाई की।

अमेरिकी CENTCOM के अनुसार, 80 से अधिक लक्ष्यों को निशाना बनाया गया, जिनमें शामिल थे—

• एयर डिफेंस सिस्टम
• कमांड एंड कंट्रोल नेटवर्क
• एंटी-शिप मिसाइल सिस्टम

इसके अलावा, ईरान के Islamic Revolutionary Guard Corps (IRGC) की 60 से अधिक छोटी नौकाओं को भी निशाना बनाए जाने की जानकारी दी गई।

ईरान ने अमेरिकी कार्रवाई की आलोचना की

ईरान के विदेश मंत्रालय ने अमेरिकी हमलों को दोनों देशों के बीच पिछले महीने हुए समझौते का गंभीर उल्लंघन बताया।

मंत्रालय ने कहा कि देश की सशस्त्र सेनाएं राष्ट्रीय सुरक्षा, संप्रभुता और क्षेत्रीय अखंडता की रक्षा के लिए आवश्यक कदम उठाती रहेंगी।

कच्चे तेल में छह प्रतिशत तक की तेजी

अमेरिका-ईरान तनाव बढ़ने के बाद ऊर्जा बाजार में भी बड़ा असर देखने को मिला।

• Brent Crude (सितंबर कॉन्ट्रैक्ट): 78.62 अमेरिकी डॉलर प्रति बैरल, 4.46 अमेरिकी डॉलर (6.01%) की बढ़त।
• WTI Crude: लगभग 74.60 अमेरिकी डॉलर प्रति बैरल, करीब 5.9 प्रतिशत की तेजी।

विशेषज्ञों का मानना है कि Strait of Hormuz में किसी भी प्रकार का व्यवधान वैश्विक ऊर्जा आपूर्ति और महंगाई पर असर डाल सकता है।

बाजार की नजर भू-राजनीतिक घटनाक्रम पर

निवेशक अब अमेरिका-ईरान के बीच आगे की स्थिति, कच्चे तेल की चाल और वैश्विक बाजारों पर पड़ने वाले संभावित प्रभावों पर नजर बनाए हुए हैं। आने वाले दिनों में इन घटनाक्रमों का असर कमोडिटी बाजार, महंगाई और निवेशकों की रणनीति पर देखने को मिल सकता है।

अक्सर पूछे जाने वाले सवाल, FAQs

1. आज COMEX पर सोने और चांदी की कीमतों में कितनी गिरावट दर्ज की गई?

08 जुलाई 2026 को भारतीय समयानुसार दोपहर 3:30 बजे तक COMEX Gold 4,054.20 अमेरिकी डॉलर प्रति औंस पर कारोबार कर रहा था, जिसमें 2.48 प्रतिशत की गिरावट रही। वहीं COMEX Silver 58.895 अमेरिकी डॉलर प्रति औंस पर पहुंच गया और इसमें 3.97 प्रतिशत की गिरावट दर्ज की गई।

2. ट्रंप के बयान का वैश्विक बाजारों पर क्या असर पड़ा?

अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप द्वारा अमेरिका-ईरान सीजफायर समाप्त होने की बात कहे जाने के बाद वैश्विक बाजारों में भू-राजनीतिक अनिश्चितता बढ़ गई। इसके चलते कमोडिटी और ऊर्जा बाजारों में तेज उतार-चढ़ाव देखने को मिला तथा निवेशकों की नजर आगे की घटनाओं पर टिक गई।

3. अमेरिका ने ईरान पर जवाबी कार्रवाई क्यों की?

रिपोर्ट के अनुसार, Strait of Hormuz से गुजर रहे तीन वाणिज्यिक जहाजों पर हमलों के बाद अमेरिकी सेना ने जवाबी कार्रवाई करते हुए ईरान के 80 से अधिक सैन्य ठिकानों को निशाना बनाया। अमेरिका ने इसे अंतरराष्ट्रीय समुद्री व्यापार की सुरक्षा के लिए उठाया गया कदम बताया।

4. कच्चे तेल की कीमतों में तेजी क्यों आई?

अमेरिका और ईरान के बीच बढ़ते सैन्य तनाव तथा Strait of Hormuz में आपूर्ति बाधित होने की आशंकाओं के कारण तेल बाजार में खरीदारी बढ़ी। इसके परिणामस्वरूप Brent Crude और WTI Crude दोनों में करीब छह प्रतिशत तक की तेजी दर्ज की गई।

5. निवेशक अब किन प्रमुख कारकों पर नजर रखेंगे?

बाजार विशेषज्ञों के अनुसार निवेशक आने वाले दिनों में अमेरिका-ईरान संघर्ष की दिशा, Strait of Hormuz की स्थिति, कच्चे तेल की कीमतों, वैश्विक महंगाई के संकेतों और अंतरराष्ट्रीय वित्तीय बाजारों की प्रतिक्रिया पर विशेष नजर बनाए रखेंगे। ये सभी कारक सोना, चांदी और अन्य कमोडिटी की कीमतों को प्रभावित कर सकते हैं।

1.यूट्यूब चैनल – Gold Price Today News (191K सब्सक्राइबर्स)

2.फेसबुक पेज – Gold Silver Price Today (118K फॉलोअर्स)

3. इंस्टाग्राम – Gold Price Today News (50K फॉलोअर्स)

4.X (ट्विटर) – @today_gold

5.टेलीग्रामग्रुप – Gold Silver Price

डिस्क्लेमर: ये न्यूज सिर्फ जानकारी के लिए बनाई गई है, निवेश या ट्रेडिंग की सलाह नहीं है। स्टोरी में दी गई राय एक्सपर्ट और ब्रोकरेज हाउस की है। गोल्ड प्राइस टुडे से जुड़े लोग निजी तौर पर सोने, चांदी की ट्रेडिंग नहीं करते हैं। हमारी सोने, चांदी में कोई पोजीशन नहीं है। किसी भी निवेश से पहले अपने वित्तीय सलाहकार की राय जरूर लें। सोने चांदी में निवेश जोखिम का काम है अपने विवेक का इस्तेमाल करें। आपको होने वाले किसी भी नुकसान की हमारी कोई जिम्मेदारी नहीं है।

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COMEX Gold and Silver Prices

As of 3:30 PM IST, international precious metals were trading lower:

• COMEX Gold: 4,054.20 US dollars per ounce, down 103.20 US dollars (-2.48%)
• COMEX Silver: 58.895 US dollars per ounce, down 2.435 US dollars (-3.97%)

The decline in bullion prices came despite heightened geopolitical tensions, as broader market sentiment shifted following the latest developments between Washington and Tehran.

Trump Declares Iran Ceasefire “Over”

Speaking during a joint press conference with NATO Secretary General Mark Rutte at the NATO Summit in Ankara, Turkey, US President Donald Trump said the ceasefire between the United States and Iran was effectively over.

Responding to questions from reporters, Trump stated that he believed the ceasefire had ended and added that he no longer wanted to negotiate with Iran, describing further discussions as “a waste of time.”

His remarks followed renewed military escalation after both countries accused each other of violating the ceasefire reached last month.

US Launches Retaliatory Strikes on Iran

According to the report, the US military carried out a series of retaliatory strikes against Iranian targets after three commercial vessels transiting the Strait of Hormuz came under attack.

US Central Command (CENTCOM) said American forces struck more than 80 targets, including:

• Air defence systems
• Command and control networks
• Anti-ship missile capabilities

CENTCOM also stated that more than 60 small boats belonging to Iran’s Islamic Revolutionary Guard Corps were hit as part of efforts to reduce Iran’s capability to attack international shipping.

The US described the operation as a response to attacks on commercial vessels navigating an international waterway.

Iran Condemns the US Operation

Iran’s Foreign Ministry described the American strikes as a “gross violation” of the memorandum of understanding reached between the two countries last month.

The ministry said Iran’s armed forces would continue defending the country’s territorial integrity, sovereignty and national security against what it described as American military aggression.

Oil Prices Surge After Trump’s Remarks

Crude oil prices moved sharply higher following Trump’s comments and the latest military developments.

• Brent Crude (September Contract): 78.62 US dollars per barrel, up 4.46 US dollars (+6.01%)
• West Texas Intermediate (WTI): around 74.60 US dollars per barrel, gaining approximately 5.9%

The renewed tensions revived concerns over possible disruptions in the Strait of Hormuz, one of the world’s most important shipping routes for crude oil and other commodities.

Markets Continue to Monitor Geopolitical Risks

The latest developments have once again placed global financial markets on alert. Investors are closely monitoring the evolving geopolitical situation, movements in crude oil prices and their potential impact on inflation, commodities and broader financial markets.

The conflict follows similar attacks last month that temporarily disrupted shipping through the Strait of Hormuz and raised concerns about energy supplies worldwide.

FAQs

1. Why did COMEX gold and silver prices fall sharply on July 8, 2026?

COMEX gold and silver declined after US President Donald Trump announced that the ceasefire between the United States and Iran was over. The renewed military conflict, increased market uncertainty and sharp movements in energy prices contributed to heavy selling across precious metals.

2. What were the latest COMEX gold and silver prices at 3:30 PM IST?

At 3:30 PM IST, COMEX Gold traded at 4,054.20 dollars per ounce, down 103.20 dollars (2.48 percent), while COMEX Silver traded at 58.895 dollars per ounce, down 2.435 dollars (3.97 percent).

3. What triggered the latest escalation between the United States and Iran?

The United States launched military strikes on more than 80 targets in Iran after attacks on three commercial vessels in the Strait of Hormuz. Both countries accused each other of violating the ceasefire that had been agreed upon last month, leading to renewed hostilities.

4. How did the geopolitical developments affect oil prices?

The renewed conflict pushed crude oil prices significantly higher. Brent crude rose to around 78.62 dollars per barrel, gaining 6.01 percent, while West Texas Intermediate (WTI) crude climbed to approximately 74.60 dollars per barrel, reflecting growing concerns over potential supply disruptions.

5. Why is the Strait of Hormuz important for global commodity markets?

The Strait of Hormuz is one of the world’s most important maritime routes for transporting crude oil and other essential commodities. Any military escalation or disruption in the region can affect global energy supplies, influence oil prices and increase volatility across financial and commodity markets.

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Enrich Money Gold Silver Outlook

COMEX Gold: COMEX Gold witnessed a technical rebound after finding strong support near the 4,000 dollar zone, with prices recovering toward 4,200 dollar on renewed buying interest. The recovery has improved short-term sentiment, although confirmation of a stronger uptrend is still awaited.

On the upside, immediate resistance is placed in the 4,200–4,240 dollar region, followed by the stronger 4,360–4,400 dollar zone. A sustained breakout above these levels could revive bullish momentum and extend gains toward higher levels. On the downside, the 4,000–3,950 dollar region remains a major support area. A decisive break below this zone could trigger fresh selling pressure toward 3,800 dollar. Overall, the broader outlook remains cautiously positive, with further recovery dependent on a decisive breakout above key resistance levels.

COMEX Silver: COMEX Silver witnessed a healthy recovery after holding above the important 58 dollar support zone, with prices rebounding toward 64 dollar on renewed buying interest. The technical structure has improved following the recent rebound, although confirmation of a stronger recovery is still required.

On the upside, immediate resistance is placed at 64–66 dollar, followed by the 70–72 dollar zone. A sustained move above these levels could strengthen bullish momentum and improve market sentiment. On the downside, the 58–56 dollar region continues to act as immediate support. A break below this area could expose prices toward 54 dollar. Overall, the broader technical structure has turned cautiously positive after the recent rebound.

MCX Gold: MCX Gold

MCX Gold witnessed a strong recovery after finding support near 1,40,500 rupees, with prices reclaiming the 1,47,000 rupees level, indicating improving buying interest at lower levels.

On the upside, a sustained move above 1,48,000 rupees could extend the rally toward the 1,49,000–1,49,500 rupees resistance zone. A breakout above this area could further strengthen momentum and push prices toward 1,50,600–1,51,000 rupees. On the downside, the previous resistance zone of 1,47,000–1,46,500 rupees is expected to provide immediate support, while a break below this region could extend weakness toward 1,45,500–1,45,000 rupees. Overall, the broader market structure has improved following the recent rebound, although confirmation of a stronger bullish reversal requires a sustained breakout above key resistance levels.

MCX Silver: MCX Silver witnessed a strong recovery after taking support near 2,20,000 rupees, with prices rebounding toward the 2,37,000 rupees mark, reflecting renewed buying interest at lower levels.

On the upside, immediate resistance is placed in the 2,38,000–2,39,000 rupees zone. A sustained breakout above this area could extend the recovery toward 2,44,000–2,45,000 rupees. On the downside, the 2,35,000–2,34,000 rupees region is expected to act as immediate support, followed by stronger support at 2,31,000–2,30,000 rupees. Overall, the broader trend has turned cautiously positive after the recent rebound, with sustained recovery dependent on prices reclaiming key resistance levels.

USD/INR: The Indian rupee weakened against the U.S. dollar during the week, with USD/INR closing above the 95 rupees mark after rebounding from long-term support near 94.30 rupees. The pair remains in a cautious technical setup as traders monitor global dollar strength and capital flows.

On the upside, immediate resistance is placed at 95.30–95.40 rupees. A sustained move above this zone could extend gains toward 95.50–95.70 rupees. On the downside, the 95.00–94.85 rupees region serves as the first support zone. A decisive break below this area could strengthen the rupee toward 94.65–94.50 rupees. Overall, the near-term outlook remains cautious, with direction likely to be influenced by U.S. dollar strength, foreign fund flows and domestic policy developments.

SMC Global Gold Silver Outlook

Gold: According to SMC Global, MCX Gold has witnessed a healthy technical rebound after taking support near its 200-day Exponential Moving Average (EMA), indicating renewed buying interest at lower levels. For the coming week, COMEX Gold is expected to trade in the 3,950–4,290 dollar range, while MCX Gold is likely to remain within the 1,40,000–1,52,000 rupees range as investors closely monitor macroeconomic developments and Federal Reserve policy signals.

Silver: According to SMC Global, COMEX Silver is expected to trade within the 55–72 dollar range during the coming week amid continued market volatility. On the domestic front, MCX Silver is projected to fluctuate between 2,23,000–2,48,000 rupees. Market participants are expected to remain focused on global economic data, geopolitical developments, central bank commentary and overall investor sentiment for further price direction.

FAQ’s

1. What is the outlook for gold and silver prices this week?
Gold and silver have recovered from recent lows, supported by renewed buying interest. However, the broader outlook remains cautiously positive, with analysts expecting stronger bullish momentum only if prices break above important resistance levels on both COMEX and MCX.

2. Which key price levels should traders monitor for COMEX Gold and Silver?
For COMEX Gold, immediate resistance lies between 4,200–4,240 dollar, followed by 4,360–4,400 dollar, while support is at 4,000–3,950 dollar. COMEX Silver faces resistance at 64–66 dollar and 70–72 dollar, with major support in the 58–56 dollar range.

3. What are the important support and resistance levels for MCX Gold and Silver?
MCX Gold has immediate resistance near Rs 1,48,000, followed by Rs 1,49,000–Rs 1,49,500, while support is seen at Rs 1,47,000–Rs 1,46,500. MCX Silver faces resistance at Rs 2,38,000–Rs 2,39,000, with immediate support around Rs 2,35,000–Rs 2,34,000.

4. How could the USD/INR movement impact domestic gold and silver prices?
The Indian rupee remains in a cautious technical setup against the U.S. dollar. A stronger dollar or weaker rupee could support higher domestic precious metal prices, while rupee appreciation may limit gains in MCX Gold and Silver despite global market movements.

5. What is SMC Global’s forecast for gold and silver in the coming week?
According to SMC Global, COMEX Gold is expected to trade between 3,950–4,290 dollar, while COMEX Silver may remain in the 55–72 dollar range. On MCX, Gold is projected to trade between Rs 1,40,000–Rs 1,52,000, and Silver between Rs 2,23,000–Rs 2,48,000, depending on macroeconomic and geopolitical developments.

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Precious metals came under intense pressure after fresh economic data signaled that the U.S. labor market remains far stronger than expected. The stronger-than-anticipated employment numbers reinforced expectations that the Federal Reserve could keep interest rates elevated for longer, reducing the appeal of non-yielding assets such as gold and silver.

COMEX Gold Falls Over 3%, Hits Multi-Month Low

Gold prices on the COMEX suffered significant losses, with the yellow metal dropping 146.40 Dollar or 3.27% to trade at 4,328.87 Dollar per troy ounce. The sharp decline pushed gold to its lowest level in several months and erased a substantial portion of the gains accumulated earlier this year.

The latest correction comes after robust U.S. labor market data strengthened confidence in the American economy, reducing the immediate appeal of safe-haven assets such as gold. Rising Treasury yields and a stronger U.S. dollar further intensified selling pressure across the bullion market.

Silver Tumbles More Than 8% in One of Its Biggest Daily Declines

Silver experienced an even steeper decline than gold, highlighting the metal’s traditionally higher volatility. COMEX silver plunged 6.11 Dollar or 8.27% to 67.78 Dollar per troy ounce, marking one of the sharpest single-day declines seen in recent months.

The white metal has now fallen to levels last witnessed in late March, with investors aggressively reducing exposure to precious metals following the latest economic data release. Market participants cited profit booking, stronger dollar sentiment, and rising interest-rate expectations as key factors behind the sharp correction.

Strong US Jobs Report Triggers Market Repricing

The primary catalyst behind the sell-off was the latest U.S. employment report, which showed that the American labor market remains remarkably resilient despite higher borrowing costs and ongoing global uncertainties.

Nonfarm payrolls increased well above market expectations during May, while the unemployment rate remained steady at 4.3%. The stronger-than-anticipated employment data has led traders to reassess the outlook for Federal Reserve policy in the coming months.

With economic activity remaining firm, investors increasingly believe that the Federal Reserve may delay any potential rate cuts and could even consider additional policy tightening if inflation remains elevated.

FAQ’s

1. Why did gold and silver prices fall sharply on June 06, 2026?
Gold and silver prices declined sharply after a stronger-than-expected U.S. jobs report increased expectations that the Federal Reserve may keep interest rates higher for a longer period. Higher rates reduce the appeal of non-yielding assets such as precious metals.

2. How much did COMEX gold and silver decline?
COMEX gold dropped by 146.40 dollar or 3.27% to 4,328.87 dollar per troy ounce, while COMEX silver fell by 6.11 dollar or 8.27% to 67.78 dollar per troy ounce, marking one of the biggest daily declines in recent months.

3. What impact does strong U.S. employment data have on precious metals?
Strong employment data signals a healthy economy and can lead to expectations of tighter monetary policy. This often strengthens the U.S. dollar and Treasury yields, which typically puts downward pressure on gold and silver prices.

4. Why are investors focusing on Federal Reserve interest rate expectations?
Federal Reserve policy plays a major role in determining precious metal prices. If interest rates remain elevated or increase further, investors may prefer interest-bearing assets over gold and silver, reducing demand for bullion.

5. What should investors watch next in the gold and silver markets?
Investors will closely monitor upcoming Federal Reserve comments, inflation data, Treasury yields, and U.S. economic indicators. Any changes in interest-rate expectations or geopolitical developments could significantly influence gold and silver price movements.

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As of today, 03 June 2026, COMEX gold was trading at 4,483.30 dollars per ounce at around 2.30 PM (IST) which was down by 36.60 dollars or 0.81%. Meanwhile, COMEX silver also remained under pressure, falling 1.001 dollars or 1.32% to 74.555 dollars per ounce.

The decline in international gold and silver prices may also influence domestic bullion markets. Investors are expected to remain focused on global market trends and economic developments, which could keep precious metal prices volatile in upcoming trading sessions.

Manoj Kumar Jain Gold and Silver Outlook

According to Manoj Kumar Jain, COMEX gold is expected to find support in the range of 4,480 dollars to 4,434 dollars per troy ounce, while resistance is seen between 4,555 dollars and 4,592 dollars per troy ounce. For COMEX silver, the key support levels are placed at 73.30 dollars and 72.00 dollars per troy ounce, whereas resistance is likely to emerge in the range of 76.60 dollars to 78.80 dollars per troy ounce. These levels may guide traders in assessing near-term price movement in the bullion market.

FAQ’s

1. Why are international gold prices falling today?
International gold prices are facing pressure due to cautious investor sentiment, global economic uncertainty, and movements in the US dollar, which often influence bullion demand and pricing.

2. How did COMEX gold and silver perform on 03 June 2026?
COMEX gold and silver both traded lower, reflecting weakness in the international bullion market and cautious trading activity among investors.

3. Can falling international gold prices affect domestic bullion markets?
Yes, declines in global gold and silver prices often impact domestic bullion markets, influencing local gold and silver rates.

4. What is Manoj Kumar Jain’s outlook on COMEX gold?
Manoj Kumar Jain expects COMEX gold to find support near lower trading zones while resistance may emerge at higher price levels, which could guide short-term market direction.

5. What are the key levels traders should watch in COMEX silver?
According to Manoj Kumar Jain, traders should monitor support and resistance zones in COMEX silver to assess potential price movement and market momentum in the near term.

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Enrich Money Gold Silver Outlook

COMEX Gold: COMEX gold is trading near the 4,500–4,550 dollar range, after witnessing renewed selling pressure, with prices currently trading below the short-term moving averages. The 4,500–4,450 dollar zone remains a key support area; a breakdown below this could drag prices toward 4,350–4,300 dollar.

On the upside, immediate resistance is seen at 4,640–4,680 dollar, followed by 4,750–4,800 dollar. A sustained move above these levels is required to improve momentum toward the 4,900–5,000 dollar zone. Overall, the broader trend remains cautious, while the near-term structure continues to reflect corrective weakness.

COMEX Silver: COMEX Silver is trading near the 77–78 dollar zone after witnessing sharp profit booking from recent highs near the 90 dollar region. The 75 dollar level is acting as immediate support, and a decisive break below this region could extend the correction toward 73 dollar, followed by the 71–69 dollar zone.

On the upside, immediate resistance is placed around the 80–82 dollar zone, followed by a stronger hurdle near 87–90 dollar. Overall, the broader trend remains cautious, while the near-term structure continues to reflect corrective weakness following the recent sharp rally.

MCX Gold: MCX gold futures are trading near the 1,58,000–1,59,000 rupees zone after witnessing renewed selling pressure from higher levels. Immediate support is placed at 1,55,000–1,54,000 rupees; a break below it may extend the correction toward 1,52,000–1,50,000 rupees.

On the upside, immediate resistance is seen near 1,60,000–1,61,000 rupees, followed by 1,63,000–1,64,000 rupees. A sustained move above these levels could strengthen bullish momentum toward fresh highs. Overall, the broader trend remains constructive, while the near-term structure reflects a consolidation phase with a cautious undertone.

MCX Silver: MCX silver futures are trading near the 2,70,000–2,72,000 rupees zone after witnessing sharp profit booking from recent highs near 3,05,000 rupees. The 2,65,000–2,60,000 rupees acts as immediate support, with stronger support placed near 2,50,000 rupees.

On the upside, immediate resistance is seen near 2,80,000–2,84,000 rupees, followed by 2,90,000–2,95,000 rupees. A sustained breakout above these levels could push prices toward the 3,00,000–3,05,000 rupees region. Overall, the broader trend remains constructive, though near-term momentum continues to reflect corrective weakness.

JM Financial Gold Silver Outlook

Gold: According to JM Financial, gold prices rallied sharply mid-week following the custom duty hikes, but overall prices moved in a consolidating range with a sharp fall on Friday. The broader outlook looks sideways; as long as momentum holds, immediate support is placed at Rs 1,53,500 and Rs 1,48,700, while on the upside, major resistance holds at Rs 1,64,500.

Silver: According to JM Financial, silver futures continued their positive momentum despite paring most of their gains in a sharp sell-off during the last couple of trading sessions. The momentum remains positive as long as prices stay above the trailing supports of Rs 2,60,500 and Rs 2,41,000. While Target 1 at Rs 2,97,500 has been achieved (high so far Rs 3,04,891), investors can hold at corrective dips for next short-term targets of Rs 2,97,500 and Rs 3,40,000.

FAQ’s

1. What is the overall outlook for gold and silver markets during May 18–24, 2026?
The overall outlook for gold and silver remains cautiously positive but highly volatile. Analysts believe both precious metals are currently undergoing a consolidation phase after recent sharp rallies and profit booking at higher levels. While the long-term structure remains constructive, near-term momentum is subdued unless prices manage to break above key resistance zones.

2. What are the important support and resistance levels for COMEX Gold this week?
COMEX Gold is trading near the 4,500–4,550 dollar range, with immediate support placed around 4,500–4,450 dollars. A breakdown below this zone may trigger further weakness toward 4,350–4,300 dollars. On the upside, resistance is seen near 4,640–4,680 dollars, followed by 4,750–4,800 dollars. A sustained breakout above these levels could revive bullish momentum.

3. Why are silver prices witnessing sharp volatility and profit booking?
Silver prices have experienced sharp volatility due to aggressive profit booking after a strong rally toward recent highs. COMEX Silver corrected from near the 90 dollar level, while MCX Silver also declined from record highs near Rs 3,05,000. Analysts believe traders are locking in profits amid uncertain global cues, though the broader trend remains positive above major support zones.

4. What are the key levels investors should monitor in MCX Gold and MCX Silver futures?
For MCX Gold, immediate support is placed near Rs 1,55,000–1,54,000, while resistance is seen around Rs 1,60,000–1,64,000. In MCX Silver, support is placed near Rs 2,65,000–2,60,000, with stronger support at Rs 2,50,000. Resistance for silver is expected near Rs 2,80,000–2,95,000, which will be crucial for determining the next directional move.

5. What investment strategy has JM Financial recommended for gold and silver traders?
According to JM Financial, gold prices are expected to remain range-bound with a sideways bias unless stronger momentum emerges above key resistance levels. For silver, the brokerage remains relatively optimistic and suggests investors may consider holding positions during corrective dips as long as prices stay above critical support levels. JM Financial has projected higher medium-term targets for silver, including Rs 3,40,000.

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Problem in Gold Import

The gold supply chain in India is currently facing a severe crisis due to a combination of regulatory and logistical hurdles. Since April 1, 2026, all gold imports by banks have come to a complete standstill following unresolved IGST (Integrated Goods and Services Tax) issues, effectively resulting in zero bank-led imports for the month. Adding to the strain, the DGFT (Directorate General of Foreign Trade) has stalled the renewal of gold dore import licenses for the past 90 days. With only one company managed to secure a renewal, the majority of the nation’s gold refineries are on the brink of shutting down operations, which will soon cut off the domestic supply of refined gold.

While the IIBX (India International Bullion Exchange) remains the only active channel for imports by qualified jewelers, it has failed to fill the massive supply gap, with less than two tons of gold imported through the exchange in recent days. This triple blow from banks, refiners, and limited exchange volumes points toward an imminent and significant gold shortage in the market.

Swiss Bank will not increase its Gold Reserves

The Swiss National Bank has no plans to alter its gold reserves, according to Chairman Martin Schlegel, who spoke at the central bank’s shareholders’ meeting on Friday. Addressing the event in Bern, he said the SNB currently holds 1,040 tonnes of gold, with about 70% stored within Switzerland and the remaining 30% kept in foreign vaults.

Enrich Money Gold Silver Outlook

COMEX Gold: COMEX gold is trading near the 4,720–4,750 dollar range, showing mild consolidation with a slight negative bias after failing to hold higher levels. The 4,650–4,620 dollar zone remains an important support; a breakdown below this could push prices toward 4,550–4,500 dollar.

On the upside, immediate resistance is seen at 4,780–4,820 dollar, followed by a stronger hurdle at 4,880–4,920 dollar. A sustained breakout above these levels is required to revive bullish momentum. Overall, the broader trend remains constructive with a cautious near-term bias.

COMEX Silver: COMEX silver is trading near the 75–76 dollar range, indicating consolidation with weakening momentum after recent highs. The 73–70 dollar zone is acting as key support; a break below this could extend declines toward 68–65 dollar.

On the upside, resistance is placed at 77–80 dollar, followed by 82–85 dollar. A sustained breakout above these levels is needed to regain strength. Overall, the trend remains constructive but with a cautious near-term outlook.

MCX Gold: MCX gold futures are trading near 1,52,000–1,53,200 rupees, indicating consolidation after a recent recovery. Immediate support is placed at 1,50,300–1,50,000 rupees; a break below could drag prices toward 1,48,000–1,45,000 rupees and further to 1,40,000–1,38,000 rupees.

On the upside, resistance is seen at 1,55,500–1,57,000 rupees, followed by 1,58,000–1,60,000 rupees. A sustained move above these levels is needed to revive bullish momentum. The overall trend remains constructive, with buying interest likely on dips.

MCX Silver: MCX silver is hovering around 2,44,000–2,45,000 rupees, reflecting a weak-to-consolidation trend after a pullback. The 2,40,000–2,38,000 rupees zone is acting as crucial support; a breakdown could push prices toward 2,32,000–2,30,000 rupees.

On the upside, resistance is placed at 2,48,000–2,50,000 rupees. A sustained breakout above this range could lead to gains toward 2,55,000 rupees and higher. Overall, the trend remains neutral to slightly bearish unless resistance is decisively crossed.

JM Financial Gold Silver Outlook

Gold Forecast: Gold faces key resistance at Rs 1,57,600. Price momentum remains corrective below this level, indicating weakness on rallies. On the downside, support is placed at Rs 1,40,000 and Rs 1,28,000. A breakdown below support could accelerate further downside pressure, while recovery would require a sustained move above resistance.

Silver Forecast: Silver has major resistance at Rs 2,63,000. A breakout above this level could open the path toward Rs 2,97,000 and Rs 3,50,000. However, failure to cross this resistance may lead to a reversal, with prices potentially declining toward Rs 2,40,000 and Rs 2,10,000.

FAQ’s

1. What is the current trend in gold and silver prices?
Gold and silver are currently in a consolidation phase, trading near important support and resistance levels in both international and domestic markets. Prices are showing stability but lack a clear directional breakout.

2. Why is India facing a gold supply problem?
India’s gold supply is disrupted due to halted bank imports after unresolved IGST issues, delays in license renewals by DGFT, and limited output from the IIBX exchange, creating a potential shortage in the market.

3. How serious is the gold import issue in India?
The situation is considered severe, as bank imports have completely stopped and refiners are struggling due to licensing delays, putting significant pressure on domestic gold availability.

4. What is the role of the Swiss National Bank in this context?
Swiss National Bank has confirmed it will not change its gold reserves, maintaining 1,040 tonnes of gold, with most stored in Switzerland, signaling stability in global gold holdings.

5. What is the outlook for gold and silver prices?
Experts suggest that consolidation may continue in the short term. A breakout above resistance could trigger upward movement, while a breakdown below support may lead to temporary corrective pressure in both metals.

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China’s Economic Policy Shift
China reported weaker-than-expected trade data for November, with exports rising 6.7% year-on-year and imports declining 3.9%. In response to slowing growth, China announced its first major monetary policy shift since 2010, signaling an “appropriately loose” stance aimed at stimulating domestic consumption and innovation. This policy adjustment was revealed after a Politburo meeting and is expected to influence the upcoming Central Economic Work Conference.

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Market Performance
In international markets, gold February futures closed at $2,685.80 per troy ounce, up 0.99%, while silver March futures ended at $32.611, up 3.24%. Domestically, gold February futures settled at ₹77,486 per 10 grams (up 1.13%), and silver March futures closed at ₹95,197 per kilogram (up 2.97%). These gains marked two-week highs for gold and four-week highs for silver.

Factors Driving Safe-Haven Demand
Heightened geopolitical tensions, including the political crisis in South Korea and instability in the Middle East, have supported safe-haven buying. Additionally, the PBoC’s purchase of 5 metric tons of gold in November—its first in six months—provided a tailwind for gold prices.

Expert Analysis
Manoj Kumar Jain of Prithvi Finmart noted that gold and silver prices could remain volatile this week due to fluctuations in the dollar index, geopolitical developments, and U.S. inflation data. However, he highlighted key support levels at $2,588 for gold and $29.88 for silver on a weekly closing basis.

Intraday Levels by Manoj Kumar Jain, Prithvi Finmart:

Gold (International): Support at $2,674–$2,654; resistance at $2,700–$2,722.
Silver (International): Support at $32.20–$31.84; resistance at $32.88–$33.20.
Gold (MCX): Support at ₹77,140–₹76,800; resistance at ₹77,770–₹78,050.
Silver (MCX): Support at ₹94,400–₹93,600; resistance at ₹96,000–₹96,650.

Trading Strategy:
Jain recommends buying gold around ₹77,150 with a stop loss at ₹76,800, targeting ₹77,800. For silver, he suggests buying near ₹94,500 with a stop loss at ₹93,650 and a target of ₹96,100.

Kedia Commodity analysts emphasized that gold is testing a crucial resistance at $2,665. A confirmed breakout could push prices toward $2,690 and November 24’s high of $2,720. Key downside supports are at $2,620 and $2,605.

Gold and silver prices are poised for further movement amid evolving macroeconomic conditions and geopolitical uncertainties.

Key Events of the Week
Tuesday, December 10, 2024
United States
07:00 PM: Nonfarm Productivity QoQ (Final Q3)

Wednesday, December 11, 2024
United States
07:00 PM: Core Inflation Rate MoM (NOV)
07:00 PM: Core Inflation Rate YoY (NOV)
07:00 PM: Inflation Rate MoM (NOV)

China
Central Economic Work Conference

Thursday, December 12, 2024
United States
07:00 PM: PPI MoM (NOV)
07:00 PM: Core PPI MoM (NOV)
07:00 PM: Initial Jobless Claims (DEC/07)
Euro Area
06:45 PM: ECB Interest Rate Decision
07:15 PM: ECB Press Conference
08:15 PM: ECB Economic Projections
08:45 PM: Speech by ECB President Lagarde

Friday, December 13, 2024
United States
03:00 AM: Fed Balance Sheet
07:00 PM: Export Prices MoM (NOV)

Geopolitical Tensions
Russia-Ukraine Conflic
Syria Crisis
Israel-Hamas Conflict

Gold Price Today 10 December
99.50~79400 (+900)
23 KT~77400
22 KT~74200
20 KT~67700
18 KT~61000
14 KT~48700
9999 SILVER:~96400 (+3100)

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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here.